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The Law of Increasing Costs Holds That the Opportunity Cost

Question 84

Multiple Choice

The law of increasing costs holds that the opportunity cost:


A) of a good decreases as the quantity of the good produced increases.
B) of a good is proportional to the resources used in its production.
C) of a good increases as more of the good is produced.
D) of a good does not change with the resources used its production.
E) changes as more of the good is produced.

Correct Answer:

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